Reveal All, Rba Tells The Banks

THE governor of the Reserve Bank has warned that banks need to come clean on all their subprime losses before investors could regain confidence and financial markets could return to some semblance of normality.

Done Sues For Loss But May Bank On Painted Harbour For Rosier Vista

ARTIST Ken Done may have to return to painting Sydney Harbour and cuddly koalas after losing three-quarters of his personal fortune due to what he claims was bad financial advice.

Journey Has Only Just Begun As Australia Rides The China Boom

Many years of strong growth still ahead, says Reserve Bank governor Glenn Stevens.

Insider Trading Is The Concern

MY, HOW the regulators have got their shorts in a knot. The Australian Securities Exchange (ASX) and the Australian Securities and Investments Commission (ASIC) are on the case over smarties who sell shares they don't own that they think will drop in price. This is quite legal, only you're supposed to tell somebody, preferably them. Oh, and not spread nasty rumours about the stock. Are they serious?

Dream States And Financial Reality

Finding a suitable work-life balance becomes a lot easier if you have a healthy-plus bank balance.

Bank investments until market settles

As interest rates are high at the moment, it's a good idea to leave your money in a high interest savings account for very reasonable and safe returns.

Asic Barrister To Attend Richardson Hearing

THE corporate regulator has intervened in the 18-month dispute between Graham Richardson and the Australian Taxation Office over the contents of a Swiss bank account.

Markets Cheer Fed Surprise

"IT IS actually a good morning for once!" said National Australia Bank senior markets economist David de Garis as he tapped out his daily report.

Company Doctors Called In For Ailing Allco Outfits

VOLUNTARY administrators have been sent in to fix the problems confronting a significant shareholder of the debt-stricken Allco Finance Group, and Australia's second-largest investment bank has been forced to clean up its debt profile.

Surveying The Field Of Carnage

THE carnage resulting from the fallout in debt and equity markets was strewn all around the market yesterday. Financially devastated companies put their shares into trading halts, the National Australia Bank seized control of Allco shares owned by its principals and the US private equity firm funding Lachlan Murdoch's bid to partner PBL in the privatisation of Australian Consolidated Media got cold feet and walked away.

Allco Principals Investments Raises White Flag Of Surrender

THE personal wealth of Allco founder David Coe and his senior executive team was reduced to a shadow of its former glory yesterday when their major investment vehicle said it would appoint an administrator.

Rate Rise Looks Certain After Inflation Hits Six-year High

INFLATION data released on the eve of today's Reserve Bank board strengthens the chance of an interest rate rise in May to follow an expected announcement this afternoon of a rise in the cash rate from 7% to 7.25%.